Chanticleer
Fundies’ fee bonanza throws up many questions
A review of performance fees paid to leading active fund managers reveals some unusual benchmarks and generous fee structures.
The year 2021 will go down as a golden one for active equity managers who beat their benchmarks and creamed off about $540 million in performance fees.
But many questions hang over this staggering transfer of value from investors to their managers.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
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